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Saab, Struggling Swedish Automaker, Files For Bankruptcy Protection
STOCKHOLM -- The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and
Updated: 09/07/2011 08:29A
Greeks hopeful on debt swap deal but give no figure
ATHENS (Reuters) - Greek officials were hopeful on Wednesday banks would eventually participate in a bond swap deal as targeted, a key part of a bailout aimed at rescuing the euro zone member from bankruptcy.
Updated: 09/07/2011 08:29A
NS: NewPage Corp files for Chapter 11 in US
The US case is pending in the United States Bankruptcy Court for the District of Delaware. The company's Consolidated Water Power Company subsidiary is not part of the filing. In order to maximize efficiency in both the US and Canadian Court processes,
Updated: 09/07/2011 08:25A
U.S. RICO Law Can't Be Applied Abroad, Madoff Judge Says
US District Judge Jed Rakoff, explaining an earlier decision to take over consideration of the issue from a bankruptcy judge, said he would determine "the precise contours" of the Racketeer Influenced and Corrupt Organizations Act and how it was used
Updated: 09/07/2011 08:15A
Madoff, Raser, Doral, Garlock, Sbarro, Barzel: Bankruptcy
The EnPro Industries Inc. unit said it intends to pay all asbestos claimants in full while using bankruptcy law so that the parent company and all subsidiaries will have releases. There is $194 million of insurance remaining, according to a Garlock
Updated: 09/07/2011 08:14A
NewPage Files for Chapter 11 Protection
Law firm Dewey & LeBoeuf handled NewPage's bankruptcy filing. Unlike many companies seeking bankruptcy protection in the wake of the recession, NewPage filed for court protection without a reorganization plan in place. The company said in a statement
Updated: 09/07/2011 08:10A
Swedish Saab Files for Bankruptcy Protection
Ailing Swedish carmaker Saab sought breathing space from creditors on Wednesday, filing with a local court for bankruptcy protection through a "voluntary reorganization" while it continues to wait for promised new investments from two Chinese firms.
Updated: 09/07/2011 08:05A
Kerry Katona is blamed for broke women
The reality TV star, 31, has been branded a "bankruptcy role model" following her well-publicised struggle to organise her finances. And latest figures show that 14827 women were declared broke in the second quarter of 2011 thanks to being unable to
Updated: 09/07/2011 08:03A
Numbers At General Motors Just Don't Add Up
Former Vice President Cheney's memoir repeats the admission he made back in 2009: The Bush Administration passed the automaker's problems onto Obama, but he, personally, was in favor of full bankruptcy. ThinkProgress, June 3, 2009: Last night on Fox
Updated: 09/07/2011 08:01A
German industry output jumps unexpectedly in July
But the Chinese authorities have halted planned investments in the past, such as Saab's failed deal with Hawtai Motor Group in May and Sichuan Tengzhong Heavy Industrial machinery's bid for GM's Hummer, which collapsed in 2010.
Updated: 09/07/2011 08:00A
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